2 Upper Paradise Way, Whitby

$999,990
2 Upper Paradise Way

$999,990

New
8d
Att/Row/Townhouse3-Storey

2 Upper Paradise Way, Whitby

Total Monthly Obligation $4,409

Beds
4
Baths
3
Park
2
Sqft
2500-3000
DOM
8d
Score
18
Yield
4.0%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Att/Row/Townhouse
MLS® Number-E14084934
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-33 × 72.6 ft
Listed on site-Oct 15, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Age-New
Parking-4 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-PIVOT REAL ESTATE GROUP
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle, Flat
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible 30-90 Days
Neighbourhood-Rural Whitby
Title-Residential Freehold

No agent assigned

Discover this rare find spacious Corner unit live/work freehold built by Paradise Developments, perfectly positioned at the prime corner of Coronation Rd. and McGowan Dr. within a thoroughly planned community of Whitby Meadows Newtowns. The Victoria model offers generous total area of over 3,535 Sq.Ft., including 760 Sq.Ft of commercial space with 11'ceiling and 4 generous bedrooms home (9' ceilings on both main and third levels). Feel welcome and relax in the main living area which features an open-concept main level boasts elegant neutral finishes, upgraded tiles and hardwood flooring, upgraded kitchen with large centre island, extended upper cabinetry, quart countertops and backsplash. Abundant windows and doors. Great room equipped with charming electric fireplace and access to a huge outdoor terrace flooding the space with natural lighting. Primary bedroom features luxurious ensuite with frameless glass shower, double sink and a walk-in closet and access to a private oversized balcony. Commercial space is equipped with a 2-piece rough- in and space ready for handicap-accessible washroom, ensuring compliance with accessibility standards. The non-residential Commercial space of the dwelling can be used for many permitted-use including: offices, personal services establishment, retails, studio, food, catering services and many more (please see full list of use in attachment). This townhouse seamlessly blends comfort and functionality, making it an ideal choice for modern living. Welcome to Paradise homes!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$799,992
Land Transfer Taxes$16,475
Legal Fees (Est.)
$
Total cash required for closing$217,973

Total Monthly Obligation

$4,409/mo
Mortgage $4,034
Monthly Loss $3,347
Principal$1,061
Interest$2,972
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.3%31
10-Year IRR
9.9%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$39,900/yr
NOI
$31,410/yr
Net Cash Flow
-$1,416/mo
Cash Margin
-42.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
20.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2 Upper Paradise Way

Time

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Data last updated within the past 24 hours.